Canadian & U.S. Business Organizations (2160)

This course provides the student with an introduction to relevant concepts in the selection of form of business enterprise. General principles of agency are covered, as well as those of partnership. The bulk of the course deals with principles of corporate law, specifically, the formation of the corporation; the rights and duties of the corporate actors (shareholders, directors and officers); remedies available to aggrieved parties. The course also introduces the students to some variations of corporate form, such as closely-held corporations and the new limited liability corporation. To a lesser extent, the student will be familiarized with some of the more complex problems facing corporations, such as securities regulation, takeovers, and corporate control problems. Extensive treatment of these latter issues, however, is left for the more advanced courses in corporate law.